What laws exist to protect consumers in Minnesota?

On Behalf of | Oct 25, 2019 | Consumer Fraud

There are various consumer laws in place here in Minnesota that aim to protect state residents from companies that look to create monopolies. There is also legislation on the books that protect Minnesotans from falling victim to deceptive business owners. Other laws provide consumers with a clear path for taking legal action against any negligent parties that offer a service or manufacture a product that causes them harm as well.

One piece of legislation that protects Minnesota car buyers from being defrauded is the state’s lemon law. This provides consumers with an opportunity to either have their new car replaced or the purchase price refunded if it is proven to be in a state of disrepair.

Another law that protects Minnesota consumers is the Restraint of Trade statute. It aims to protect consumers from being either deceived or treated unfairly by companies here in this state.

Minnesota’s homestead law allows homeowners to protect their house from creditors should any lawsuits be filed against them. A homestead exemption is generally not something that is automatically granted to a homeowner, but something that they must apply for instead.

Identity theft laws protect unsuspecting Minnesotans from the unauthorized use or theft of their personal information, especially if it’s used to defraud them or for some other financial benefit.

Laws exist that place a cap on interest rates. They exist to protect consumers from exploitation.

Antitrust laws also exist to keep the competitive vibe in the state going. It strictly prohibits companies from joining forces as a monopoly.

There are many laws in place here in Minnesota to protect consumers from being taken advantage of. You should consult with a consumer fraud attorney in Vadnais Heights if you feel as if you’ve been deceived by an individual or company here in Minnesota. They can advise you if that’s indeed what happened, and if so, let you know what legal course of action you may be able to take in your case.

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